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BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 76% jump in second-quarter revenue, driven by a surge in loan growth.
Paytm’s parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September quarter, from 10.86 billion rupees a year earlier.
Consolidated net loss widened to 5.71 billion Indian rupees from a loss of 4.73 billion rupees a year earlier, the company said in an exchange filing.
($1 = 81.8600 Indian rupees)
(Reporting by Anuran Sadhu and Juby Babu in Bengaluru; Editing by Shounak Dasgupta)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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